Arthur Hayes "Zcash grows to second-largest in portfolio after Bitcoin…impact of rapid price rise"
Minseung Kang
Summary
- Arthur Hayes said Zcash (ZEC) has become the second-largest liquid holding in the Maelstrom portfolio after Bitcoin (BTC).
- Hayes said the rapid rise in Zcash's price affected its increased weight in the portfolio.
- He said he would encourage market participation and interest through a Zcash meme contest.
Arthur Hayes, co-founder of BitMEX and chief investment officer (CIO) of Maelstrom, said Zcash (ZEC) has become the second-largest liquid holding in Maelstrom's portfolio after Bitcoin (BTC).
On the 8th (local time), Hayes wrote on his X (formerly Twitter), "Due to the rapid rise in price, ZEC has now become the second-largest liquid asset in my portfolio after Bitcoin."
He went on to announce a meme contest, saying, "I will pay 10 ZEC to the person who makes the most aggressive, funny, or witty meme." He suggested participants submit memes completing the sentence 'What happened when Sam Bankman-Fried (SBF), Changpeng Zhao (CZ), and I (Arthur Hayes) ... went inside'.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"](https://media.bloomingbit.io/PROD/news/8c7118c8-560c-45ee-b17c-33941c08bb67.webp?w=250)
![[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"](https://media.bloomingbit.io/PROD/news/fa06d293-8d64-4e15-8420-70b42038247c.webp?w=250)